The truce between the US and China may have postponed an open conflict, but it has not yet prevented one. ShippingWatch has gathered reactions from Maersk Line, HMM, OOCL and Hapag-Lloyd. Shipping bank Nordea is far from convinced about the effect of a temporary agreement.
Despite a truce, the trade war between the US and China has impacted three otherwise good quarters on the bulk market and created major uncertainty, says Nordea in an analysis. Bimco warns that the recovery is "fragile."
Mæglere siger til S&P Global Platts, at Donald Trumps kommentarer om svovlkrav fredag "knuste" det europæiske bunkermarked. "Vi har set Trump trække sig ud af større ting," lyder det fra en af mæglerne.
China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.
Representatives from the EU, Canada, Mexico, Japan and South Korea meet in Geneva on Tuesday to coordinate a counter-response to what could be the joker in Trump's tariff war – namely tariffs on the import of cars.
ANALYSIS: If one looks closer at what the US and EU actually promised, there are hardly any changes to the status quo. Watch Medier's EU correspondent dissects this week's deal and what it actually entails.